Talking to a delegation of All Pakistan Anjuman-e-Tajran (APAT), led by Khalid Pervez, here at the LCCI, they said that withholding tax was a major among other issues, like complex taxation system, dual taxation, high input cost and delay in refunds, that must be resolved.

Issue of withholding tax is top of the list in the other miseries like disparity in taxation system, dual taxation, high input cost and delay in refunds that must be resolved according to the demand of the business community, the LCCI office-bearers said while talking to a delegation of All Pakistan anjuman-e-Tajran, led by Khalid Pervez.

It said withholding tax on various payments made by the taxpayers is not being calculated on IRIS withholding portal owing to the exemption certificate granted by the commissioner subsequent to the date the taxes were deducted.

The gross basis withholding tax and net tax on business income: While it taxes citizens and residents on worldwide income, the United States asserts a more limited tax jurisdiction over nonresident alien individuals and foreign corporations (collectively referred to as "foreign persons").

ISLAMABAD, June 27 -- Through an amendment in the 2010-11 budget, the federal government has imposed a 10 percent withholding tax on monthly electricity bills of commercial consumers from July 1, while the tax rate for industrial consumers will be 5 percent.

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